· Electric vehicles are better for the environment
o This is the easiest reason to point to making the switch to any sort of EV or PHEV. Electric vehicles do not have an exhaust system, thus eliminating any sort of greenhouse gas emissions that typical gas or diesel run vehicles exhume. Additionally, batteries that are found in EVs are completely emission-free as well, with the most common type of battery being employed in EVs being the lithium-ion battery. These batteries can be depleted and charged without contributing to air pollution.
· Electricity is cheap
o Unlike it’s un-renewable counterpart, electricity is a renewable resource and is actually cheaper than gasoline! Typically, EVs tend to cost one-third the cost of a gas powered vehicle to run. In addition, most EV’s use regenerative braking which adds to the energy the car needs to run which is completely cost-free.
· Less expensive and frequent maintenance
o Everyone knows that going to get your car worked on is often a chore in of itself, however, making the change to an EV eliminates some of those worries. Because EV’s don’t use a gas engine that means they don’t use oil which removes the use for oil changes. You’ll also not need any of the other typical maintenance and repairs that come with a traditional gas engine. EV’s are also typically easier on brakes as well.
· Tax credits
o Original owners of EVs can also receive credits on tax returns for simply owning an EV. Some car owners can get up to $7,500 in credit in some states for certain cars. State incentive programs for Electric vehicles vary in their scope and applicability. While tax incentives are most frequently mentioned, rebates, HOV access, toll reduction and sales tax exemptions are also offered. States currently offering tax incentives include California, Colorado, Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Pennsylvania, Oregon, and Washington DC – however the list is always changing. These state tax incentives currently range from $500 to $5,000. Please consult your knowledgeable financial planner or tax specialist to determine how the state and federal incentive may apply to you.
All in all, buying an EV is a win-win for you and the environment. Combine all of those benefits with improved gas mileage and a quiet and smooth ride, the future is electric at Patrick BMW, come be a part of the future. Check out our line-up of EV and PHEV’s here.